Drug Discovery Market Share 2020 Global Industry Key Strategies, Historical Analysis, Segmentation, Application, Technology, Trends and Opportunities Forecasts to 2024
Posted on Aug 4 2020 7:37 AM
"The Drug Discovery Market report provides detailed analysis of Drug Discovery Market Overview, Segmentation by Types, Potential Applications and Production Analysis with Forecast details. "
Global Drug Discovery Market research report is a meticulous investigation of current scenario of the market, which covers several market dynamics. The Drug Discovery Market Report also provides an analytical assessment of the prime challenges faced by Drug Discovery Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Drug Discovery Market over a longer period of time.The leading industry players across the globe are explored in detail in this report. It demonstrates product overview, company summary, and manufacturing cost, capacity, and market shares for most of the participants.
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The Drug Discovery Market business development trends and selling channels square measure analyzed. From a global perspective, it also represents overall industry size by analyzing qualitative insights and historical data.
The objective of the study is to define market sizes of different segments and countries in previous years and to forecast the values to the next Five years. The report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers and restraining factors which will define the future growth of the Drug Discovery market.
The global drug discovery market is expected to register a CAGR of approximately 8.0% during the forecast period, 2018 to 2023. North America dominates the market due to the favorable regulatory framework by the government and technological developments in that region.
Rise in Technology Advancements and Innovations
In recent past, the drug discovery has evolved significantly with emerging technologies helping in the process to become more refined, accurate and less time-consuming. High-throughput screening is one of the most widely used drug discovery technologies due to automation, multi-detector readers, imaging hardware and software. There are several other evolving technologies such as mass spectroscopy, protein and nucleic acid isolation, proteomics, RNAi, nanotechnology and others which contribute to advancement and innovations in drug discovery. The pharmaceutical and biotech companies are increasing their collaboration with contract development and manufacturing organizations which is also playing a crucial role in the development and innovations of new drugs.
Other factors contributing to the growth of this market are rising prevalence of the wide range of diseases such as cardiovascular and CNS related disorders, rising healthcare expenditure and the upcoming patent expiration of blockbuster drugs.
Huge Capital Investment with Low-Profit Margins
Every drug discovery and development requires a huge investment and involves a long time which often leads to lower profit margins for the companies by the time a drug is being marketed. The high cost is also related to high rate of drug candidateâ€™s failure between initial drug discovery process to clinical trial phases which restricts the growth of this market. Apart from that, there is strict regulatory approval process across each region which follow rigid mechanism which impedes this market.
North America to Dominate this Market
The global drug discovery market is segmented by drug type, technology, service, end-user and geography. By geography, the market is segmented by North America, Europe, Asia-Pacific, Middle East and Africa and South America.
Geographically, North America is the most lucrative region for the growth of this market due to high number of top pharmaceutical and biotech companies business in this region. The favorable regulatory framework and encouraging regulatory policies for investors to research and develop new drugs help the growth of this market. Other factors such as high-income population and healthy returns on investments for new technologies are an integral part of the above factors. The Asia Pacific is expected to grow at a high rate due to rising disposable incomes, economic growth and increasing investment by pharmaceutical and biotechnology industry in this region.
Key Developments in the Market
January 2018: Merck launched Zinplava (bezlotoxumab) in UK prevention of recurrence of Clostridium difficile infection in adults at a high risk of for recurrence of CDI.
January 2018: BioCryst Pharmaceuticals Inc. and Idera Pharmaceuticals Inc planned for a definitive merger agreement to develop drugs for patients with rare diseases.
January 2018: AstraZeneca and Imperial College London collaborated to investigate biological drivers for respiratory disease such as asthma and chronic obstructive pulmonary disease.
Major key players: PFIZER inc, GLAXOSMITHKLINE llc, MERCK & CO inc, AGILENT TECHNOLOGIES inc, ELI LILLY AND COMPANY, F. HOFFMANN-LA ROCHE ltd, BAYER ag, ABBOTT LABORATORIES inc, ASTRAZENECA plc and SHIMADZU CORP
Reasons to Purchase This Report
Market analysis for the Global Drug Discovery Market, with region-specific assessments and competition analysis on a global and regional scale
Analyzing various perspectives of the industry with the help of Porterâ€™s five forces analysis
The treatment type that is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Drug Discovery Market for 2020-2024. To calculate the market size, the report considers new installations or sales and subscription payments of Drug Discovery.
The market is divided into the following segments based on geography:
- North America
- United States
Global Drug Discovery Market 2020-2024, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Growing research activities coupled with new product launches.
- For a full, detailed list, view our report
- High Opportunity in the Industry
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- Complications associated with Drug Discovery procedures.
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Key questions answered in this report
- What will the market size be in 2024 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
6.2.2 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
6.2.4 South America
184.108.40.206 Rest of South America
6.2.5 Middle East & Africa
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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